How Intel Financialized and Lost Leadership in Semiconductor Fabrication
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Avoiding a K-shaped global recovery
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The Rebel to Rabble Review: Big-ass monopolies and l Hôtel Quarantine
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CBO Not Competent To Assess Economics Of Minimum Wage
Post laments that a $15 minimum wage would (according to CBO) eliminate about 1.4 million jobs when fully in effect, with half of the job losers leaving the workforce. Because of the projected fall in employment, the CBO also calculates that a $15 minimum wage would increase federal budget deficits by $54 billion dollars over ten years while adding $16 billion to federal interest costs.
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This note examines the so-called data: should they be taken seriously
as economics? Without in any way criticizing the competence of CBO’s